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BTC USDT PERPETUAL 8 HOUR 🔬

Bitcoin is currently encountering some headwinds, reflecting a generally weaker trend as we start the week. This is far from an ideal setup, especially with high-impact news on the horizon.

As we navigate this volatility, I’m closely monitoring the 87k-85k range as a potential target in the near term.

From a macro perspective, factors such as the stock market, USDT.D, and the DXY suggest that the next few weeks could remain volatile.

For a more bullish outlook, Bitcoin will need to reclaim the 91k level and close tonight’s daily candle above this threshold. A sustained move above this level would signal the first signs of strength.

However, the real key levels to watch are the 50% retracement level around 96,500 and its movement downward. Reclaiming this level will be critical for a potential upside reversal.

On the downside, the 85k level appears to offer a solid support base. Should Bitcoin fall substantially below this level, it could deepen bearish sentiment and set the stage for further declines.

These are the critical levels I’m watching as Bitcoin works through this uncertain phase.

While the short-term outlook is uncertain, Bitcoin's resilience remains intact. Lower prices in the near term may ultimately present a long-term opportunity.

The main challenge lies in navigating current macroeconomic factors, including global markets and the presidential inauguration. 

Once these uncertainties and events are behind us, I expect stability to return to the markets, paving the way for momentum and strength to shift back to the upside.

While short-term bounces are possible, they should be viewed with caution until key levels are reclaimed, as they may not signify a full trend reversal just yet.

We often see volatility before big news event weeks such as this, as often times it is the uncertainty that the markets react negatively to, so there is a chance the data is favorable, and strength returns to the markets, In the interim, a defensive yet hopeful stance is warranted.

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FUD 💡

FUD in cryptocurrency stands for “Fear, Uncertainty, and Doubt,” a term used to describe the deliberate spread of negative, exaggerated, or misleading information to create panic, shake confidence, and influence market sentiment.

In the volatile crypto market, FUD can have a significant impact, causing investors to sell their holdings out of fear or reluctance to invest due to uncertainty.

FUD is often employed by individuals, organizations, or even media outlets to manipulate cryptocurrency prices for personal or financial gain.

For instance, a competitor might spread rumors about a project’s vulnerabilities or impending regulatory crackdowns, aiming to damage its reputation and drive down its value.

Similarly, large investors (whales) might use FUD to create temporary dips, allowing them to buy assets at lower prices.

Common examples of FUD in crypto include claims of government bans, exchange hacks, blockchain flaws, or environmental concerns related to mining.

While some FUD may have a basis in truth, it’s often exaggerated or presented out of context to amplify fear and uncertainty.

For investors, it’s crucial to critically analyze information, rely on credible sources, and avoid making decisions solely based on FUD, as it can lead to unnecessary losses in an already high-risk market.

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